How to Create an Option Plan

Before issuing any options on Capdesk you will need to create an option plan.

You can do this by clicking on the “Options” tab -> “Plans” -> green button “Add Plan”.

Note: If you can't see the "EQUITY AWARDS" tab, you may need to go into "Settings and Add-ons" and tick "Options Addon"

You’ll then be directed to the page where you create the Option Plan.



Creating an Option Plan

“USE SHARES” (mandatory)

This section determines the option grants come from.

“Directly from Incentive Pool” - the standard plan. An incentive pool is an allocation of shares underlying the plan from which payment of awards are made. You can find out more about how to create an Incentive Pool on Capdesk here:

“Authorised specifically for this plan” - a portion of the pool. A certain percentage of the incentive pool allocated to your plan (e.g. 5% of incentive pool for EMI 2)

“Unauthorised” - non-incentive shares outside the pool.

“NAME” (mandatory) - the name of the plan (e.g. EMI / CSOP / Unapproved etc.). This is important as you will need to fill in and match the same option plan name when you create your option grants; either manually on Capdesk or in the “security_plan” column in your option import file.

“SHARE CLASS” (mandatory) - a share class is a designation applied to a specific type of security such as common stock. You can find out more about how to create an Share Class on Capdesk here: https://capdesk.zendesk.com/hc/en-us/articles/115003642069-Share-classes

“TYPE” (mandatory) - the type of option plan. It can match the “NAME” of the plan (e.g. EMI / CSOP). Use ‘Other’ for unapproved plans or other schemes you may have.

“VESTING SCHEDULE TEMPLATE” (non-mandatory) - the type of vesting schedule. You can find out more about Vesting Schedule Templates and how to create them on Capdesk here: https://capdesk.zendesk.com/hc/en-us/articles/360022923651-Execute-a-grant-on-Capdesk

“GRANT TERM TEMPLATE” (non-mandatory) - the type of grant term. You can find out more about Grant Terms and how to create them on Capdesk here:https://capdesk.zendesk.com/hc/en-us/articles/360022923651-Execute-a-grant-on-Capdesk

“AUTHORITY REFERENCE” (non-mandatory) - A reference to a plan provided by the authorities. Can be left blank.

“TERMS AND CONDITIONS” (non-mandatory) - Fill out this section if you have any particular terms or conditions that your plan requires. Can be left blank.

“DOCUMENTS AND NOTES” (non-mandatory):

  • “NOTE” - this is where you can write comments about specific conditions of the option grant for the stakeholders and administrators to view.
  • “DOCUMENTS” - An uploaded document that impacts the terms and conditions of the plan. Usually an Option Plan, Board Resolution or Shareholder Resolution. Once you’ve successfully uploaded the document you need to press “Add document” for it to be added.

Once you’ve created your plan, you need to click on “Save” in order for it show up in the “Option Plan” page.